Cash, Fund & Payment Administration

Luther Corporate Services supports a diverse portfolio of clients ranging from small and medium-sized enterprises to multinational corporations with cash, fund & payment administration services. For smaller businesses where segregation of duties is an issue our service functions as an additional internal control in regard to company fund spending.

Administration of cash funds deposited with us or in client’s own bank accounts

Cash forecasting and processing of accounts receivables

Account signatory services to enable settlement of company payment obligations e.g. to suppliers, for payroll, for employee expense reimbursements

Opening of bank accounts and managing changes to bank signatories

Issue payment vouchers and prepare cheques

Mailing of signed cheques to payees or remittance of funds by telegraphic transfer